Meredith Corporation (MDP): Today's Featured Media Loser

Meredith Corporation ( MDP) pushed the Media industry lower today making it today's featured Media loser. The industry as a whole closed the day up 1.4%. By the end of trading, Meredith Corporation fell 29 cents (-0.9%) to $31.67 on average volume. Throughout the day, 369,168 shares of Meredith Corporation exchanged hands as compared to its average daily volume of 359,900 shares. The stock ranged in price between $31.35-$32.12 after having opened the day at $32.04 as compared to the previous trading day's close of $31.96. Other company's within the Media industry that declined today were: Lee ( LEE), down 8.9%, Dolan ( DM), down 5.7%, KIT Digital ( KITD), down 3.3%, and Radio One ( ROIAK), down 2.6%.

Meredith Corporation, a media and marketing company, engages in magazine publishing and related brand licensing, television broadcasting, integrated marketing, interactive media, and video production businesses in the United States. It operates in two segments, National Media and Local Media. Meredith Corporation has a market cap of $1.14 billion and is part of the services sector. The company has a P/E ratio of 13.3, below the average media industry P/E ratio of 13.7 and below the S&P 500 P/E ratio of 17.7. Shares are down 2.1% year to date as of the close of trading on Tuesday. Currently there are three analysts that rate Meredith Corporation a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Meredith Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and disappointing return on equity.

On the positive front, Dial Global ( DIAL), up 9.7%, Media General ( MEG), up 9.1%, AirMedia Group ( AMCN), up 8.5%, and Martha Stewart Living Omnimedia ( MSO), up 8.2%, were all gainers within the media industry with Time Warner Cable ( TWC) being today's featured media industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the media industry could consider PowerShares Dynamic Media ( PBS) while those bearish on the media industry could consider ProShares Ultra Sht Consumer Services ( SCC).
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